先锋电子(002767) - 2019 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2019 was ¥55,113,572.81, a decrease of 14.63% compared to ¥64,561,958.91 in the same period last year[9] - Net profit attributable to shareholders was ¥3,664,834.93, down 47.13% from ¥6,932,136.75 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥3,490,184.58, a decline of 44.04% compared to ¥6,237,102.19 in the previous year[9] - Basic and diluted earnings per share were both ¥0.0244, down 47.19% from ¥0.0462 in the previous year[9] - Total revenue decreased by 49.41% to CNY 3,948,799.77 compared to the same period last year[18] - Net profit decreased by 47.13% to CNY 3,664,834.93, primarily due to a reduction in operating profit[18] - The total comprehensive income for the first quarter of 2019 was CNY 3,471,616.24, compared to CNY 6,932,136.75 in the same period last year, representing a decrease of approximately 50%[46] - Earnings per share for Q1 2019 was CNY 0.0244, compared to CNY 0.0462 in the previous year, representing a decrease of 47.3%[42] Cash Flow - The net cash flow from operating activities improved to -¥16,633,606.30, a 48.47% increase from -¥32,277,034.15 in the same period last year[9] - Cash inflows from operating activities totaled CNY 56,404,923.52, a decrease of approximately 5% from CNY 59,631,789.38 in the previous year[49] - Cash outflows from operating activities were CNY 73,038,529.82, down from CNY 91,908,823.53, reflecting a reduction of about 20%[49] - The net cash flow from operating activities was negative at CNY -16,633,606.30, an improvement from CNY -32,277,034.15 in the previous year[49] - Cash inflows from investment activities amounted to CNY 306,769,853.71, significantly higher than CNY 164,338,114.63 in the same period last year, marking an increase of approximately 86%[50] - Cash outflows from investment activities were CNY 295,937,996.37, compared to CNY 116,830,069.69, indicating an increase of about 153%[50] - The net cash flow from investment activities was CNY 10,831,857.34, down from CNY 47,508,044.94, representing a decline of approximately 77%[50] - The net cash flow from financing activities was negative at CNY -302,016.30, with cash inflows from financing activities recorded at CNY 3,300,705.00[54] - The ending balance of cash and cash equivalents was CNY 32,915,666.21, down from CNY 42,695,266.09 year-over-year, reflecting a decrease of about 23%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥823,300,939.01, a decrease of 1.45% from ¥835,431,720.24 at the end of the previous year[9] - Total current assets decreased to CNY 692,425,431.02 from CNY 698,548,833.26, a decline of approximately 0.16%[31] - Total non-current assets decreased to CNY 130,875,507.99 from CNY 136,882,886.98, a decline of approximately 4.4%[31] - Total liabilities decreased to CNY 104,815,637.36 from CNY 120,611,253.52, a decrease of about 13.1%[32] - Total current liabilities decreased to CNY 102,563,717.36 from CNY 118,359,333.52, a decrease of approximately 13.4%[32] - Total equity increased to CNY 718,485,301.65 from CNY 714,820,466.72, reflecting a slight increase of about 0.23%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,972[13] - Major shareholders include Shi Zhengmin with 47.28% and Shi Yimin with 22.50% of the shares[13] Investments and Other Income - Investment income increased by 781.11% to CNY 2,057,857.07, mainly from the maturity of financial products[18] - Long-term equity investments rose by 138.63% to CNY 34,088,986.50 due to new investments in target companies[18] - Research and development expenses for Q1 2019 were CNY 4,852,054.34, up from CNY 4,621,262.04, indicating a growth of 5%[39] - Other income for Q1 2019 was CNY 2,125,608.78, down from CNY 3,592,647.51, a decrease of 40.9%[45] Inventory and Receivables - The company’s receivables increased by 47.69% to CNY 6,241,525.50, primarily due to acceptance bills not yet used for payments[18] - The company’s inventory increased to CNY 49,705,640.27 from CNY 45,318,904.29, reflecting an increase of about 10.6%[30] - Accounts receivable increased to CNY 218,274,435.53 from CNY 210,987,142.27, an increase of approximately 3.06%[30] Other Financial Information - The company received government subsidies amounting to ¥205,500 related to technology achievement transformation projects[10] - The company executed a new financial instrument standard from January 1, 2019, resulting in a reclassification of certain financial assets[58] - The company reported a decrease in available-for-sale financial assets by CNY 36,000,397.00 due to the new financial instrument standard[58]